/biz/ - Business & Finance

>>23356617
everything is a scam. even your life.

>>23356617
Where I'm looking it actually seems like it's dipping again, if slightly. With rent/mortgage moratoriums ending there's a good chance for a nice dip this coming year.

Wait until the mortgage deferrals end and foreclosures begin. Should see more supply hit the market and lower prices

>>23357105
After election, either Trump or Biden is extending that mortgage deferral till end of 2021. Rentcucks fucked.

>>23357787
Then the banks get fucked.

>>23358931
banks will get another bailout brrrrrrrrrrrrrrrrr

>>23356617
>need 3k for every 100k
>why cant I afford a house

You need $6k to buy a $200k house. If you live in a shithole where houses are 800k, that's not my problem

>>23356617
at least you dont live canada
minimum house price is 500k for a townhouse, and we earn less than americans

>>23358986
You're the living in a shithole if homes cost 200k retard. Post neighborhood.

>>23359014

Or, the midwest and south. Move away from the kikes and watch how fast you can afford a house again.

with racism ending, will white neighborhoods decrease in value and black neighborhoods increase in value.

people will move where its cheap and leave where its expensive

>>23359014
clown market clown world
the best things in life are free
shitholes are expensive as fuck

>>23359040
these idiots will never get it, they can't compete so they can't afford to live in their shithole. Then they get mad about it. I guess I'd be upset too if I was born somewhere and couldn't compete. Oh well.

>>23357105
unless the banks just hodl all the real estate and drip it slowly to maintain prices like diamond jews or just sell it wholesale to china for a slightly reduced price

>>23359040
Cool unrelated chart bro. Post a neighborhood that you think is nice where I can buy a house for 200k.

>>23359087

>people fleeing high cost of living shitholes like Cali/Illinois/NY to cheap areas don't relate to the exact thing I'm referring to

Boot up zillow and do it yourself. It's literally fucking everywhere it's such a given that no I'm not going to find some random neighborhood for you you stupid faggot.

>>23359109
Right, they don't exist. Get out of here retard.

>>23359087
Ok sure, what's your definition of a good neighborhood? I'd post mine but zillow rates the local schools at about 5.5. I don't give a shit about public schools though, as I don't have kids, and if I do I'll use a 529 to send them to a private school if I'm that concerned about it.

Even if we showed you a perfectly acceptable house, you'd come up with some reason why it's not good enough, you anons always do. It's always excuse after excuse, bitching and moaning, and never coming up with a solution

>>23358986

what makes you think some poorfag who can't even scrape together more than 6k will be able to afford to pay off a 194k mortgage? god damn I can't wait until the foreclosures hit

>>23359128

Yeah keep thinking that. I'd rather you stay and rot in your shithole while I'm racking up properties over here as a 20 something.

I want a house. I'm saving money and plan to buy one within the next couple of years.

I'm super tempted to buy one of the very many <$100,000 houses that you see all over Zillow, but I fully understand that they're priced that way for a reason:

>You're living in the ghetto amongst junkies and lowlifes
>You're living out in Shrek's swamp in a dilapidated piece of shit
>Town's economy is in shambles, aka no work

I'm wary to make a move. I'd have to heavily research the location ahead of time. Seems to me that one of the wiser moves is to buy an empty plot of land then see towards having a house newly built on it. You can get something really nice in a new area that way.

>>23358986
5% down with closing costs.. mortgage qualification wnats to see $17k in the bank for 200k. If you get some closing costs covered, maybe you get down to 10k. Maybe you get a few loan or something and shave some off.

>>23359209

i've looked at under $100k houses. they dont qualify for mortgages, so you need the full $100k cash. And theres usually something wrong with them such as wet basement. they can be fixed tho

>>23359259
> they dont qualify for mortgages, so you need the full $100k cash

this sounds good to me. this is a barrier that keeps lowlifes people away

>>23359082
I think it's pretty likely they will not list all the properties since that apparently happened in 08, they "shadow inventory" that just simply sits there unlisted so housing prices don't go down.

>>23359311
>this sounds good to me. this is a barrier that keeps lowlifes people away

no, landlords buy the house and then rent it out to the lowlifes. you still live next to lowlifes

>>23359427
rip

>>23356617
Everyone thinks it's the best time to get a house, which makes it the worst time to get a house.

>>23359485
This
You would be buying the all time top in US history.

>>23359826

>we can't buy a house in 2015 it's the all time top in US history
>we can't buy a house in 2016 it's the all time top in US history
>we can't buy a house in 2017 it's the all time top in US history
>we can't buy a house in 2018 it's the all time top in US history
>we can't buy a house in 2019 it's the all time top in US history
>we can't buy a house in 2020 it's the all time top in US history
(you are here)
>we can't buy a house in 2030 it's the all time top in US history
>we can't buy a house in 2050 it's the all time top in US history
>i died a rentcuck

>>23360019
b-b-but the crash is just around the corner! I'll be able to buy a McMansion in a nice suburban neighborhood for 100k just like my parents did in the 1990's when that hits!

>>23359259
What kind of mortgages are you looking at? You can mortgage a house under 100k

it's harder to get financing during recessions, so you pay a higher interest rate, yeah you'll get better deals but you better have at least 50% of the cash

>>23360019
So that’s it? Housing is the one investment that only goes up? Nah, periods of decline and recession can’t possibly be healthy for a normal economy. Arrow must always go up, blame the poorfags for being poor

>>23358986
>3k for every 100k
3500 per 100k

>>23359427
>>23359311
Why are you afraid to say nigger?

>>23359062
Do people with money want to live near poor or brown people? The answer is no.

Is there a name for teaming up with likeminded to buy an entire block of houses in a "bad neighborhood" but since you're living with good, likeminded people then it becomes a good neighborhood just because a group of good people all decided to move together?

I've seen this happen before. It isn't actually in a bad neighborhood, mind you, but about a mile away from where I live there is an entire neighborhood full of Middle Eastern-type people who wear turbans and robes. If you walk down THAT neighborhood, you'll no doubt see somebody out wearing that attire. I don't think it was by coincidence. They must've gotten together and planned this out ahead of time.

I think this would be a great thing to do, invite your friends, family, "congregation" to all live together in the same neighborhood.

>>23360019
zoom out. people are still holding bags from 2007

>>23361126

uh yeah, gentrification

>>23358986
You faggots who post this never say where it is because you know people will fake fun you. If you live 100 miles from anyone in the swamp of the Deep South, your place is the shithole and that’s the reason it’s cheap.

>>23356617
zoomer, millennial, whatever you are, let me clue you in on something. just because you don't have any money, and by you i mean your generation(s), so don't take it personally, and if you actually have money i apologize, but i digress. let's start again, just because zoomers/millennials by-and-large don't have any money, doesnt mean there isnt a booming demand for housing. why?

>immigrants
>foreign speculators
>banks buying them up to rent out
>gen x finally 'making it'
>boomers unironically not dead yet and still buying
>inflation isnt just a meme
>some millennials/zoomers actually do have money

all that adds up to; real estate only goes up.

>>23362353
let me give you a clue, zoomie/millenial, since it seems you require one.

>look at a list of the top 100 cities
>pick one in the middle
>locate the downtown center of that city
>bring up -google maps-
>drive 20 minutes in any direction
>buy a house there
>profit

i understand that delaying gratification is tough for your generation(s), but it really is the way to go, not that i expect you to listen because listening is, again, tough for your generation(s).

>>23358986
>thinks the bank is going to loan him hundreds of thousands of dollars because he has 6k in his bank account
:^)

>>23356617
I'm hoping for a 30% downturn, but even if we don't get it, this bull run for De-Fi has been insane. and to think Union isn't even launched yet.

meanwhile Pajeet is sending his spare wages back to India and buying whole city blocks for his retirement

>>23362423
Whatever you say swampnigger

>>23358986
>banks only require a 3% deposit
no wonder the US housing market is in a bubble, those are some loose lending standards if ever I saw any

>>23362593
>the zoomer cries out in pain as it strikes you

>>23360876
>Finite supply.
>Exponential population growth (e.g. demand).
Also stocks always go up.

I've got 40k in the bank. I'm getting kicked out of my house within five months. How expensive of a house should I purchase if I'm making somewhere around 30 grand a year?

>>23360876

economies expand, peoples wages increase that's normal, that's the way it always is. economy is almost always at ATH, stock indexes are almost always at ATH.

One thing is for sure that all these people with all these all time high wages will always need someplace to live and that's why housing is always at ATH and will always be at ATH.

Anon is right, if you don't buy the ATH you will die a rentcuck, it's just how it goes.

The problem is NIMBYism in America prevents higher density development so the supply of housing is expanding too slowly to match the increase in demand for housing

I own several props. Depends on the market but with money printing it looks like we’ll continue higher. My prediction is homeownership rate drops and you’ll have more renters. Real estate companies will own more of the housing stock.

>buying a cheap house during a recession with an expensive loan

>buying an expensive house during a boom with a cheap loan

literally whats the difference, it doesn't matter you're fucked either way. interests goes down, prices goes up, interests goes up and prices goes down